How to close a fund to multiple net asset accounts in General Ledger 7

How to define the fund closing method to close to multiple accounts by segment or project

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Number:52486

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General_Ledger

Note: To close multiple accounts by Project, a separate segment must be established for each Project before following the instructions below. However, it is important to note that all Project detail can be tracked without performing this step. Even when only preserving details for Projects and one fund balance account, all reports can be filtered to show detailed activity for individual Projects, including the net surplus\deficit and fund balance totals.

In Configuration, click Funds

Open the fund in question

Select the Transaction Requirements tab

For Segment, mark the Preserve details during closing checkbox

This allows masking of the segment and use of multiple funds.

Note: It is only possible to configure the fund before beginning balances are locked. If beginning balances are locked, then we cannot change the requirement for preserving details for the segment section in the fund.